The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations showed on Tuesday that the US consumers’ one-year inflation expectation edged higher to 3.7% in September from 3.6% in August.The US Dollar stays under modest bearish pressure following this publication. As of writing, the US Dollar Index was …
Read More »Financial Markets’ Weekly Recap, October 2-6
Following a significant spike in T-bond yields, the market has momentarily stabilized, but Americans continue to borrow heavily despite Fed Chair Jerome Powell’s 18-month efforts to alter their borrowing and spending habit.Middle East tensions could boost gold, US dollarTensions in Palestine are causing investors to seek safe-haven assets and monitor …
Read More »The pipeline between Iraq and Turkey is ready for operation as of Wednesday
Turkish Energy Minister Alp Arslan Bayraktar said on Thursday that the crude oil pipeline from Iraq via Turkey, which has been halted for about six months, is ready for operation as of Wednesday and that Ankara is preparing to start shipments. Turkey stopped flows through the oil export route from …
Read More »Has Lagarde meant to arouse doubts about Euro, US dollar?
ECB’s Christine Lagarde, has cautioned that the United States and the Eurozone should never take the status of their currencies as reserve currency for granted because nations like China and Russia are working to develop their own financial systems.The eighty-year dominance of the dollar as the world’s reserve currency has …
Read More »Potential Market Reactions to a US Government Shutdown
The US government is on the verge of a temporary shutdown starting this Sunday, October 1st. Once again, Democrats and Republicans in the world’s largest economy are in a deadlock over how to allocate fiscal funds. Looking back, since 1981, the US government has partially suspended operations 14 times. The …
Read More »Inflation in Türkiye rose to 61.53% in September, close to expectations
Annual consumer price inflation in Turkey rose to 61.53 percent in September, official data showed on Tuesday, slightly lower than expected and rising for the third month in a row as a result of tax increases and a recent decline in the lira. The consumer price inflation rate recorded 4.75 …
Read More »Latest PCE reading is positive signal for the Fed
The cost of living in the US is increasing. Last month’s overall inflation was heated up by higher gasoline prices, but the Fed received some good news: its preferred inflation indicator dropped to its lowest level in two years. For the 12 months ending in August, the core Personal Consumption …
Read More »Australia’s inflation for August expected to rebound
The Australian monthly Consumer Price Index is expected to rise 5.2% YoY in August, marking the first reacceleration since April. This could be crucial for the Australian Dollar (AUD) and the Reserve Bank of Australia (RBA), which will hold its October monetary policy meeting next week.Inflation in Australia peaked in …
Read More »Turkish lira falls to a new record level
The Turkish lira fell to a record low of more than 27.236 against the US dollar on Tuesday due to inflationary pressures and the rise of the dollar, bringing its losses on an annual basis to more than 31%. President Recep Tayyip Erdogan’s support for a low interest rate policy …
Read More »Market Drivers – US Session, September 25
Metals retreated during the US session, with gold falling below $1,920 and moving closer to the $1,915 support region. At monthly highs, the US Dollar Index is just beyond the 106.00 range. On Tuesday, there are no economic events scheduled for the Asian or European sessions. The US will release …
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